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Federal Court Dismisses Application for Leave to Appeal -Stockbroking Firm Liable for Loss Caused by Misconduct of its Agent
5 April 2017   |   Kuala Lumpur
The Federal Court had, on Monday 3 April 2017, dismissed PM Securities Sdn Bhd (PM Securities) application for leave to appeal to the Federal Court against two decisions of the Court of Appeal in dismissing its judicial review applications against the Securities Industry Dispute Resolution Center (SIDREC)’s award.

PM Securities filed two judicial review (JR) applications in 2013 to quash awards issued by SIDREC in favour of the claimants. In the JR applications, PM Securities had challenged SIDREC’s due process and the adjudicator’s finding that PM Securities was liable as a principal for the loss incurred by the misconduct of its representative.

PM Securities filed two judicial review (JR) applications in 2013 to quash awards issued by SIDREC in favour of the claimants. In the JR applications, PM Securities had challenged SIDREC’s due process and the adjudicator’s finding that PM Securities was liable as a principal for the loss incurred by the misconduct of its representative.

PM Securities filed two judicial review (JR) applications in 2013 to quash awards issued by SIDREC in favour of the claimants. In the JR applications, PM Securities had challenged SIDREC’s due process and the adjudicator’s finding that PM Securities was liable as a principal for the loss incurred by the misconduct of its representative.

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